.png)
Why is gold trading so popular?
No matter how many eras have passed A lot of people are still interested in investing in gold.
Because it is an asset that has a distinctive feature that is very different from other assets.
*Gold is not the only investment asset.
holding gold It is not always intended for speculation.
But the benefits of holding gold are "It's an effective hedging aid"
In times of economic crisis, inflation is high. Gold is always something that comes to mind.
Because gold is a fixed asset. and is also accepted all over the world. It is like a refuge.
The impact of the economic crisis
when the economic crisis Many things will be affected such as stocks, currency, exchange rate, real estate.
even bank deposits It may not be safe anymore.
But that's not with gold. because during the crisis Gold is still valuable.
No matter how the economy changes Gold still has value, high liquidity. and is accepted all over the world.
from past events We can see that during the economic crisis Gold prices tend to rise.
due to higher demand As people move their capital to exchange them for gold.
Accumulating gold is like a diversification, highly effective hedging aid.
Case of covid-19 incident
Covid-19 Crisis which affects all over the world
Multiple Assets price dropped
But gold prices have skyrocketed. By leaps and bounds.
If the time of the economic crisis high inflation The value of the money decreases.
Gold is probably the most valuable thing. that may save your life and your family
because even though the economy in the country will collapse But gold is still valuable. and is also accepted all over the world.
Is trading gold risky?
gold price opportunity "volatility" at any time
Considering past statistics Gold prices also have periods of high volatility.
And there has been an event where the swing price has been continuously high for thousands of points.
Therefore, trading gold using margin, leverage is considered to be a high-risk asset class.
Therefore, it requires knowledge, understanding of price trend analysis.
getting into a good moment and must understand the risks
Careful long-term risk management planning is essential.
You can learn more from the lesson : Risk Management Planning. : การวางแผนบริหารความเสี่ยง
How many ways can you trade gold?
Currently trading gold This can be done in many different ways. The methods that are highly popular include:
holding gold bars
Investment through mutual funds : Fund Manager
Gold Futures Trading
Gold Spot Trading
holding gold bars
holding gold bars : This is the most classic method. is to actually buy gold bars Let's hold it.
Then wait until when The price of gold has soared. therefore gradually taken out for sale to speculate on the difference in price
But it has the following disadvantages :
high investment Full payment is required. For each purchase of gold bars
Profitable only during bull market
risk of theft
Invest in a safe There is a cost to deposit gold. and asset insurance
What is Gold Future and Gold Spot ?
Gold Futures and Gold Spot are gold trading. "in the form of an advance contract"
In the present era Investing in gold is much easier.
Investors can open an account, trade gold through the Internet.
which has the following advantages :
It doesn't require a full high investment. like buying gold bars
Because only margin, leverage can be used for buying or holding.
You can speculate on both the rising market and the falling market.
Do not keep gold bars therefore safe from theft
What is the difference between Gold Future and Gold Spot?
Gold Future : as an investment with domestic market
gold price : According to the country
Volume :Relatively limited in the country
used unit : Domestic currency, traded through a local broker
Trading time : according to the opening/closing time of the domestic stock market
Gold Spot : It is a direct investment in the global market.
gold price : Based on the world market price
Volume : Very high because it is trading from all over the world.
used unit : dollar / ounce
Trading time : 24 hours a day : 5 days a week (Monday - Friday)
Highlights of Gold Spot
Gold Spot is easy to get started. and trading 24 hours a day Almost all Forex brokers now offer Gold Spot assets for investors to trade.
It uses the symbol XAUUSD or Gold and Gold Spot.
Easy account opening through the internet And it only takes a few minutes.
Start trading right away after the account is approved
low investment Most of the time, the minimum is only 100$ (or less).
You can try demo trading for free!
thankfully >>> forexnew.org
Alright, here comes the recommended brokers for trading gold. The symbol abbreviation for XAUUSD trading is IUX Markets with outstanding features and reliability in many areas
Highlights of IUX Markets Besides being able to trade gold with very low spreads. There are also many other outstanding features such as
📌 There is a free welcome bonus of 30 $ USD. 👉 Click..!!!
📌 30 $ trade bonus, unconditional, must complete the lot. or within a period of time ? Therefore, there is no undue pressure.
📌 There is a deposit bonus of 35-50% of the deposit. (Rates are subject to change over time and company policies.)
📌 Fast withdrawals and no fees. (Admin. withdraw money to the bank on average 5-10 minutes, the fastest is faster than 1 minute.)
📌 Applying for an account is fast, easy to understand, no complicated identity verification.
📌 A variety of deposit methods to choose from, such as scanning a barcode, Scan Barcode, which funds immediately into the account
📌 There is a LotBack programme. Exchange and earn Points that can be automatically redeemed for bonus credit rewards and no need to apply Join as soon as you start trading, you will earn this income.
📌 Live chat service system that has been developed to be able to provide services every day, all the time and very quickly. which is available in multiple languages
📌 It is a broker that does not charge fees (No SWAP) when holding orders across the day.
📌 It has a very low spread. especially gold trading (You can easily compare.)
📌 can trade Cryptocurrency on holidays, Saturday - Sunday. Details 👉 Click..!!!
📌 USOIL.iux crude oil can be traded with very low spreads. 👉 Click..!!!
👍 Best Gold (XAUUSD) Broker Ranking 2021 IUX. Market is the #1 Broker For traders investing in “Gold (or XAUUSD) ” most important The important thing is trading costs, fees, liquidity because gold is It is a financial instrument that is suitable for long-term and short-term holding. have to bear the burden or cost of trading that is higher People who trade in brokers with low spreads, no swaps have an advantage over those who trade in brokers with high spreads.
Tested from 20 leading brokers Over a total of 60 accounts
Gold Spread in 2021
Found that the spread is the lowest No. 1 is the Standard account of IUX Market is around 10-17 points, plus there is no commission and Swap is very low. The spread of many gold brokers is very high, around 40 points.
do you see that Just choose the wrong broker life changed The difference in trading costs is up to 23 points (in the long run, people who trade with brokers with tight spreads have a huge advantage anyway).
Swap fee
by Swap, another hidden cost of trading for people who hold long The broker will deduct Swap from our account. When holding positions across the day
From the research, it was found that the 1st place of the lowest Swap fee until 0 is the Standard account of the broker IUX Market , as always, with Swap Free (Swap Free), which the broker does not charge in this respect. This makes it better than other brokers that charge swap in trading.
As for the very high Swap, some brokers charge Swap on the Long side to -97.7 pips and Swap on the Short side holds -32.6 pips (just hold it and you lose a lot on both the Long and Short sides).
Tip : Anyone who focuses on trading gold on the short or long side is recommended to trade with the broker IUX Market because the swap value on the short or long side is 0.
Learn how to start a career as a FOREX global money market investor and give away a free 30$ bonus 😉✌️☯️💯
Comments